Boeing may fall to 142.50 - 148.50

Our pivot point is at 178.

Our preference

The downside prevails as long as 178 is resistance.

Alternative scenario

The upside breakout of 178 would call for 188.5 and 194.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 178.4915 and 180.898).

Supports and resistances

194.6 **

188.5 *

178 **

173.9

167.91 (USD-last)

154.7

148.5 **

142.5 *

136.4 **

Number of asterisks represents the strength of support and resistance levels.